ACRA has withdrawn the credit rating of A(RU), outlook Stable, of the Republic of Sakha (Yakutia) and the A(RU) credit ratings of the bonds (ISIN RU000A1010D3, RU000A100CN3, RU000A0ZZNJ2, RU000A0ZZ7E6, RU000A0JXR43, RU000A0JWGT6, RU000A0JVEH8, RU000A0JUQH4) issued by the Republic of Sakha (Yakutia) without simultaneous affirmation, as ACRA has no sufficient information on the financial status of the Republic of Sakha (Yakutia).
Regulatory disclosure
The credit ratings were assigned to the Republic of Sakha (Yakutia) and the bonds (RU000A1010D3, RU000A100CN3, RU000A0ZZNJ2, RU000A0ZZ7E6, RU000A0JXR43, RU000A0JWGT6, RU000A0JVEH8, RU000A0JUQH4) issued by the Republic of Sakha (Yakutia) under the national scale for the Russian Federation based on the Methodology for Credit Ratings Assignment to Regional and Municipal Authorities of the Russian Federation and the Key Concepts Used by the Analytical Credit Rating Agency within the Scope of Its Rating Activities. In the course of assigning the credit ratings, the Methodology for Assigning Credit Ratings to Individual Issues of Financial Instruments under the National Scale of the Russian Federation was also used.
The credit ratings assigned to the Republic of Sakha (Yakutia) and bonds issued by the Republic of Sakha (Yakutia) (RU000A0JUQH4, RU000A0JVEH8, RU000A0JWGT6, RU000A0JXR43, RU000A0ZZ7E6, RU000A0ZZNJ2, RU000A100CN3, RU000A1010D3) were published by ACRA for the first time on November 8, 2017, November 8, 2017, November 8, 2017, November 8, 2017, November 8, 2017, May 31, 2018, September 26, 2018, and May 16, 2019, and November 11, 2019, respectively.
The credit ratings were assigned based on the data provided by the Republic of Sakha (Yakutia), information from publicly available sources (the Ministry of Finance, the Federal State Statistics Service, and the Federal Tax Service), as well as ACRA’s own databases. The credit ratings are solicited, and the Government of the Republic of Sakha (Yakutia) participated in their assignment.
ACRA provided no additional services to the Government of the Republic of Sakha (Yakutia). No conflicts of interest were discovered in the course of credit rating assignment.
